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Friday, 8 January 2010

This is the week of predictions, whether it’s the year of the Tiger or the year of Tax the first week of January is awash with crystal balls and hopes of joy and worries of doom.

Well, I don’t want to break with tradition so I won’t here’s some of ours, I’m not promising anything revolutionary or indeed any accuracy, I predicted the market to close on 4750 and it closed at 5400 so that’ll give you an idea of expected acceptable predictive tolerances.

Obvious things to watch out for will be changing political leadership, changing taxation, a bumbling economy and lots of change in the banking sector.

Just on the banking sector my question is whether the arrival of new banks will really bring about any change and increase competition or will it be just more of the same?